O(g(x)) gives a set of functions which grow as rapidly or slower as g(x)
That's technically right, but a bit imprecise. A better description contains the addenda
O(g(x)) gives the set of functions which are asymptotically bounded above by g(x), up to constant factors.
This may seem like a nitpick, but one inference from the imprecise definition is wrong.
The 'fixed version' of your first equation, if you make the variables match up and have one limit sign, seems to be:

This is incorrect: the ratio only has to be less than or equal to some fixed constant c > 0.
Here is the correct version:

where c is some fixed positive real number, that does not depend on n.
For example, f(x) = 3 (n^2) is in O(n^2): one constant c that works for this f is c = 4. Note that the requirement isn't 'for all c > 0', but rather 'for at least one constant c > 0'
The rest of your remarks are accurate. The <= signs in that expression are an unusual usage, but it's true if <= means set inclusion. I wouldn't worry about that expression's meaning.
There's other, more subtle reasons to talk about 'boundedness' rather than growth rates. For instance, consider the cosine function. |cos(x)| is in O(1), but its derivative fluctuates from negative one to positive one even as x increases to infinity.
If you take 'growth rate' to mean something like the derivative, example like these become tricky to talk about, but saying |cos(x)| is bounded by 2 is clear.
For an even better example, consider the logistic curve. The logistic function is O(1), however, its derivative and growth rate (on positive numbers) is positive. It is strictly increasing/always growing, while 1 has a growth rate of 0. This seems to conflict with the first definition without lots of additional clarifying remarks of what 'grow' means.
An always growing function in O(1) (image from the Wikipedia link):
